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1998 SESSION

• | print version

SB 461 Educational Infrastructure Fund.

Introduced by: Warren E. Barry | all patrons    ...    notes | add to my profiles

SUMMARY:

Educational Infrastructure Fund. Requires the appropriation to a special fund of an amount equal to 50 percent of the amount of revenues from growth in the sales tax, corporate income tax, and individual income tax for the preceding fiscal year that exceeds the six-year average of such growth. The other 50 percent of such amount is required to be deposited to the Revenue Stabilization Fund. Amounts appropriated to the Educational Infrastructure Fund are set aside for a two-year period, during which they may be accessed if a decline in general fund revenues occurs. At the end of the two-year period, the amounts in the Fund may be appropriated for capital projects at public schools and state colleges and universities.

FULL TEXT

• 01/26/98  Senate: Presented & ordered printed 985396607  pdf

HISTORY

• 01/26/98  Senate: Presented & ordered printed 985396607
• 01/26/98  Senate: Referred to Committee on Finance
• 02/12/98  Senate: Continued to 1999 in Finance (16-Y 0-N)